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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.43
LMT's Cash to Debt is ranked higher than
68% of the 256 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.71 vs. LMT: 0.43 )
LMT' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.43

Equity to Asset 0.14
LMT's Equity to Asset is ranked higher than
52% of the 262 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. LMT: 0.14 )
LMT' s 10-Year Equity to Asset Range
Min: 0   Max: 0.38
Current: 0.14

0
0.38
Interest Coverage 10.96
LMT's Interest Coverage is ranked higher than
71% of the 163 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 13.99 vs. LMT: 10.96 )
LMT' s 10-Year Interest Coverage Range
Min: 1.81   Max: 14.18
Current: 10.96

1.81
14.18
F-Score: 7
Z-Score: 3.22
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 8.89
LMT's Operating margin (%) is ranked higher than
82% of the 261 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.97 vs. LMT: 8.89 )
LMT' s 10-Year Operating margin (%) Range
Min: 5.88   Max: 11.06
Current: 8.89

5.88
11.06
Net-margin (%) 5.82
LMT's Net-margin (%) is ranked higher than
78% of the 261 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.29 vs. LMT: 5.82 )
LMT' s 10-Year Net-margin (%) Range
Min: -4.36   Max: 7.78
Current: 5.82

-4.36
7.78
ROE (%) 7038.46
LMT's ROE (%) is ranked higher than
100% of the 252 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.68 vs. LMT: 7038.46 )
LMT' s 10-Year ROE (%) Range
Min: -16.23   Max: 7038.46
Current: 7038.46

-16.23
7038.46
ROA (%) 7.10
LMT's ROA (%) is ranked higher than
89% of the 262 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.72 vs. LMT: 7.10 )
LMT' s 10-Year ROA (%) Range
Min: -3.78   Max: 10.49
Current: 7.1

-3.78
10.49
ROC (Joel Greenblatt) (%) 89.75
LMT's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 261 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 26.53 vs. LMT: 89.75 )
LMT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 29.79   Max: 101.92
Current: 89.75

29.79
101.92
Revenue Growth (%) 8.40
LMT's Revenue Growth (%) is ranked higher than
83% of the 241 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.60 vs. LMT: 8.40 )
LMT' s 10-Year Revenue Growth (%) Range
Min: -7   Max: 12.7
Current: 8.4

-7
12.7
EBITDA Growth (%) 5.40
LMT's EBITDA Growth (%) is ranked higher than
75% of the 220 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.30 vs. LMT: 5.40 )
LMT' s 10-Year EBITDA Growth (%) Range
Min: -25.5   Max: 29.6
Current: 5.4

-25.5
29.6
EPS Growth (%) 3.10
LMT's EPS Growth (%) is ranked higher than
71% of the 192 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.10 vs. LMT: 3.10 )
LMT' s 10-Year EPS Growth (%) Range
Min: -66.4   Max: 204.7
Current: 3.1

-66.4
204.7
» LMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

LMT Guru Trades in Q2 2013

Manning & Napier Advisors, Inc 23,044 sh (New)
Pioneer Investments 5,856 sh (New)
Jean-Marie Eveillard 4,600,776 sh (+15.75%)
Ken Fisher 4,779 sh (+10.7%)
Joel Greenblatt 66,500 sh (+7.87%)
Chris Davis 6,290 sh (+0.16%)
Ruane Cunniff 2,550 sh (unchged)
Brian Rogers 1,176,600 sh (unchged)
Mario Gabelli 7,799 sh (unchged)
John Rogers 62,870 sh (unchged)
Meridian Funds 5,800 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Jim Simons Sold Out
John Burbank Sold Out
Tom Russo Sold Out
Jeremy Grantham Sold Out
John Buckingham 62,414 sh (-0.33%)
HOTCHKIS & WILEY 2,452,286 sh (-7.13%)
RS Investment Management 438,765 sh (-20.12%)
Steven Cohen 101,949 sh (-72.41%)
Paul Tudor Jones 3,600 sh (-77.36%)
Ray Dalio 10,176 sh (-95.36%)
» More
Q3 2013

LMT Guru Trades in Q3 2013

Jim Simons 145,800 sh (New)
Jeremy Grantham 35,971 sh (New)
Paul Tudor Jones 4,200 sh (+16.67%)
Manning & Napier Advisors, Inc 24,332 sh (+5.59%)
Jean-Marie Eveillard 4,799,757 sh (+4.32%)
John Rogers 62,870 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Ruane Cunniff 2,550 sh (unchged)
John Buckingham Sold Out
Ray Dalio Sold Out
Pioneer Investments Sold Out
Mario Gabelli 7,599 sh (-2.56%)
Ken Fisher 4,028 sh (-15.71%)
Joel Greenblatt 54,657 sh (-17.81%)
HOTCHKIS & WILEY 1,745,246 sh (-28.83%)
Brian Rogers 826,600 sh (-29.75%)
RS Investment Management 291,120 sh (-33.65%)
Chris Davis 3,369 sh (-46.44%)
Steven Cohen 5,444 sh (-94.66%)
» More
Q4 2013

LMT Guru Trades in Q4 2013

Steven Cohen 217,936 sh (+3903.23%)
Jeremy Grantham 57,099 sh (+58.74%)
Ruane Cunniff 2,750 sh (+7.84%)
Paul Tudor Jones 4,500 sh (+7.14%)
Ken Fisher 4,043 sh (+0.37%)
Tweedy Browne 210,922 sh (unchged)
Larry Robbins 1,200,000 sh (unchged)
Jim Simons Sold Out
Brian Rogers Sold Out
John Rogers 62,840 sh (-0.05%)
Joel Greenblatt 52,578 sh (-3.8%)
HOTCHKIS & WILEY 1,624,208 sh (-6.94%)
RS Investment Management 216,590 sh (-25.6%)
Mario Gabelli 5,473 sh (-27.98%)
Chris Davis 2,390 sh (-29.06%)
Jean-Marie Eveillard 3,400,975 sh (-29.14%)
Manning & Napier Advisors, Inc 17,237 sh (-29.16%)
» More
Q1 2014

LMT Guru Trades in Q1 2014

Manning & Napier Advisors, Inc 17,608 sh (+2.15%)
Ken Fisher 3,584 sh (-11.35%)
» More
» Details

Insider Trades

Latest Guru Trades with LMT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-12-31 Reduce -29.14%0.52%$122.03 - $148.84 $ 160.6218%3400975
Mario Gabelli 2013-12-31 Reduce -27.98%$122.03 - $148.84 $ 160.6218%5473
Ray Dalio 2013-09-30 Sold Out 0.01%$106.4 - $130.84 $ 160.6232%0
John Burbank 2013-06-30 Sold Out 0.98%$94.53 - $108.85 $ 160.6257%0
Jean-Marie Eveillard 2013-06-30 Add 15.75%0.22%$94.53 - $108.85 $ 160.6257%4600776
Ray Dalio 2013-06-30 Reduce -95.36%0.18%$94.53 - $108.85 $ 160.6257%10176
John Burbank 2013-03-31 Add 58.38%0.36%$86.7 - $96.52 $ 160.6277%254046
Ray Dalio 2013-03-31 Add 340.48%0.15%$86.7 - $96.52 $ 160.6277%219176
John Burbank 2012-12-31 Reduce -72.07%1.73%$87.58 - $94.87 $ 160.6274%160400
Jean-Marie Eveillard 2012-12-31 Add 9.51%0.13%$87.58 - $94.87 $ 160.6274%4526170
Joel Greenblatt 2012-12-31 Add 36.93%0.11%$87.58 - $94.87 $ 160.6274%75844
Ray Dalio 2012-12-31 New Buy0.05%$87.58 - $94.87 $ 160.6274%49758
John Burbank 2012-09-30 Add 109.14%1.25%$86.03 - $93.74 $ 160.6278%574300
Wallace Weitz 2012-09-30 Sold Out 0.71%$86.03 - $93.74 $ 160.6278%0
Ray Dalio 2012-09-30 Sold Out 0.0034%$86.03 - $93.74 $ 160.6278%0
Ruane Cunniff 2012-09-30 Reduce -20.31%$86.03 - $93.74 $ 160.6278%2550
John Burbank 2012-06-30 New Buy0.81%$80.51 - $91.62 $ 160.6286%274600
Joel Greenblatt 2012-06-30 New Buy0.3%$80.51 - $91.62 $ 160.6286%46778
Ray Dalio 2012-06-30 New Buy$80.51 - $91.62 $ 160.6286%2658
Ruane Cunniff 2012-06-30 Reduce -25.58%$80.51 - $91.62 $ 160.6286%3200
Wallace Weitz 2012-03-31 Reduce -27.71%0.26%$79.98 - $90.85 $ 160.6298%182595
Joel Greenblatt 2012-03-31 Sold Out 0.11%$79.98 - $90.85 $ 160.6298%0
Tweedy Browne 2011-12-31 Add 146.03%0.4%$71.16 - $81.52 $ 160.62109%240197
Ray Dalio 2011-12-31 Sold Out 0.1%$71.16 - $81.52 $ 160.62109%0
George Soros 2011-12-31 Sold Out 0.06%$71.16 - $81.52 $ 160.62109%0
Mason Hawkins 2011-09-30 Sold Out 0.3123%$66.87 - $81.62 $ 160.62115%0
Jean-Marie Eveillard 2011-09-30 Add 9.88%0.12%$66.87 - $81.62 $ 160.62115%3767334
Ray Dalio 2011-09-30 Reduce -27.14%0.04%$66.87 - $81.62 $ 160.62116%92363
Tweedy Browne 2011-06-30 Add 52.18%0.09%$75.73 - $81.49 $ 160.62103%97630
Joel Greenblatt 2011-06-30 Add 97.17%0.05%$75.73 - $81.49 $ 160.62103%8835
Joel Greenblatt 2011-03-31 Reduce -55.32%0.14%$69.87 - $82.27 $ 160.62104%4481
George Soros 2011-03-31 Add 419.8%0.04%$69.87 - $82.27 $ 160.62104%52500
Mario Gabelli 2011-03-31 Reduce -50.72%0.01%$69.87 - $82.27 $ 160.62104%14280
Glenn Greenberg 2011-03-31 Sold Out $69.87 - $82.27 $ 160.62104%0
Ruane Cunniff 2011-03-31 Reduce -39.58%$69.87 - $82.27 $ 160.62104%5000
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Top Ranked Articles about Lockheed Martin Corp

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Ratios

vs
industry
vs
history
P/E(ttm) 17.30
LMT's P/E(ttm) is ranked higher than
78% of the 223 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.80 vs. LMT: 17.30 )
LMT' s 10-Year P/E(ttm) Range
Min: 7.56   Max: 65.13
Current: 17.3

7.56
65.13
P/B 40.60
LMT's P/B is ranked lower than
65% of the 238 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.45 vs. LMT: 40.60 )
LMT' s 10-Year P/B Range
Min: 2.82   Max: 783.08
Current: 40.6

2.82
783.08
P/S 1.17
LMT's P/S is ranked higher than
61% of the 262 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.14 vs. LMT: 1.17 )
LMT' s 10-Year P/S Range
Min: 0.53   Max: 1.19
Current: 1.17

0.53
1.19
PFCF 38.38
LMT's PFCF is ranked higher than
50% of the 148 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.30 vs. LMT: 38.38 )
LMT' s 10-Year PFCF Range
Min: 6.26   Max: 49.98
Current: 38.38

6.26
49.98
EV-to-EBIT 12.41
LMT's EV-to-EBIT is ranked higher than
81% of the 233 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.80 vs. LMT: 12.41 )
LMT' s 10-Year EV-to-EBIT Range
Min: 5.6   Max: 15
Current: 12.41

5.6
15
PEG 4.86
LMT's PEG is ranked higher than
51% of the 185 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.57 vs. LMT: 4.86 )
LMT' s 10-Year PEG Range
Min: 0.33   Max: 80.48
Current: 4.86

0.33
80.48
Shiller P/E 18.80
LMT's Shiller P/E is ranked higher than
76% of the 209 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 21.97 vs. LMT: 18.80 )
LMT' s 10-Year Shiller P/E Range
Min: 9.27   Max: 116.75
Current: 18.8

9.27
116.75

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.06
LMT's Dividend Yield is ranked higher than
87% of the 181 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.80 vs. LMT: 3.06 )
LMT' s 10-Year Dividend Yield Range
Min: 0.87   Max: 4.88
Current: 3.06

0.87
4.88
Dividend Payout 0.53
LMT's Dividend Payout is ranked higher than
53% of the 161 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.30 vs. LMT: 0.53 )
LMT' s 10-Year Dividend Payout Range
Min: 0.15   Max: 1
Current: 0.53

0.15
1
Dividend growth (3y) 21.00
LMT's Dividend growth (3y) is ranked higher than
90% of the 148 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.40 vs. LMT: 21.00 )
LMT' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 33.6
Current: 21

0
33.6
Yield on cost (5-Year) 8.28
LMT's Yield on cost (5-Year) is ranked higher than
93% of the 188 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.12 vs. LMT: 8.28 )
LMT' s 10-Year Yield on cost (5-Year) Range
Min: 2.32   Max: 13.03
Current: 8.28

2.32
13.03
Share Buyback Rate 5.50
LMT's Share Buyback Rate is ranked higher than
96% of the 195 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.60 vs. LMT: 5.50 )
LMT' s 10-Year Share Buyback Rate Range
Min: 6   Max: -5.4
Current: 5.5

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.75
LMT's Price/DCF (Projected) is ranked higher than
63% of the 182 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. LMT: 1.75 )
LMT' s 10-Year Price/DCF (Projected) Range
Min: 0.64   Max: 2.07
Current: 1.75

0.64
2.07
Price/Median PS Value 1.56
LMT's Price/Median PS Value is ranked higher than
51% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.18 vs. LMT: 1.56 )
LMT' s 10-Year Price/Median PS Value Range
Min: 0.43   Max: 1.6
Current: 1.56

0.43
1.6
Price/Peter Lynch Fair Value 3.30
LMT's Price/Peter Lynch Fair Value is ranked lower than
53% of the 117 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.20 vs. LMT: 3.30 )
LMT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.38   Max: 3.64
Current: 3.3

0.38
3.64
Earnings Yield (Greenblatt) 8.10
LMT's Earnings Yield (Greenblatt) is ranked higher than
82% of the 241 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.80 vs. LMT: 8.10 )
LMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.7   Max: 17.9
Current: 8.1

6.7
17.9
Forward Rate of Return (Yacktman) 8.69
LMT's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 229 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.52 vs. LMT: 8.69 )
LMT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -11.8   Max: 34.7
Current: 8.69

-11.8
34.7

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:LOM.Germany
Lockheed Martin Corporation was formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. It is a Maryland corporation. It is a security company that is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services. The Company serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the U.S. Government. The Company operates in four principal business segments: Aeronautics, Electronic Systems, Information Systems & Global Services and Space Systems. Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Company's Electronic Systems segment manages complex programs and designs, develops, and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide. Major lines of business include: air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems, anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The Company's Information Systems & Global Services (IS&GS) segment provides federal services, Information Technology (IT) solutions, and advanced technology expertise across a broad spectrum of applications and customers. IS&GS provides full life-cycle support and highly specialized talent in the areas of software and systems engineering, including capabilities in space, air, and ground systems, and also provides logistics, mission operation support, peacekeeping, and nation-building services for a variety of defense and civil government agencies in the U.S. and abroad. Space Systems is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the Space Shuttle and its planned replacement. The Company businesses are heavily regulated in most of its fields of endeavor. The Company deals with numerous U.S. Government agencies and entities, including all of the branches of the U.S. military, NASA, the U.S. Postal Service, the Social Security Administration, and the Departments of Defense, Energy, Justice, Health and Human Services, Homeland Security, State, and Transportation. Similar government authorities exist in other countries and regulate its international efforts.

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